Cheap Apartments for Rent in the Lexington Terrace Neighborhood of Baltimore, MD from $400 (267 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lexington Terrace area of Baltimore.

property at 817 St Paul St

817 St Paul St

BaltimoreMD21202

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The Art of the Rental Viewing: What to look for during a property tour

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 7 N Carey St

7 N Carey St

BaltimoreMD21223

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Lexington Terrace, Baltimore, MD Local Guide

Cheapest Available Lexington Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lexington Terrace area of Baltimore, MD is a 1 Bed unit found at Penn Square priced from $600. St Paul St 817 has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Lexington Terrace apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
St Paul St 8170BR/1.0BAStudio,1BA$745
Wheelhouse Co-Living4B1BR,1BA$797
Avon1 Beds, 1 Baths1BR,1BA$825
Cathedral St 300Studio ApartmentStudio,1BA$849
Vivo Living BaltimoreThe Petite StudioStudio,1BA$881
The Tobee - Cathedral St 3112 Bedroom2BR,1BA$895
Hampton Court ApartmentsOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Lexington Terrace, MD

As of June 25, 2025 the best value apartment in the Lexington Terrace area is the $0.98 price per square foot 324 Park Ave Model at 324 Park Ave, Unit 324 in the in the South Baltimore neighborhood starting from $1,950. The second greatest value Lexington Terrace apartment is the 1038 S Charles St Model at 1038 S Charles St, Unit 1 starting at $1,650 with a $0.92 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Lexington Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
324 Park Ave, Unit 324324 Park Ave4BR,2BA$0.98
1038 S Charles St, Unit 11038 S Charles St2BR,2BA$0.92
500 W - Located on the UMB Campus!Camden4BR,2BA$0.84
2735 W North Ave, Unit #32735 W North Ave2BR,1BA$1.11
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
832 N Carey St, Unit 2832 N Carey St1BR,1BA$0.88
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
Penn Square2 bdr2BR,1BA$0.80
Bon Secours1 Bedroom1BR,1BA$1.11
816 E Baltimore St, Unit 2816 E Baltimore StStudio ,1BA$1.13

Quick Rent Budget Calculator

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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Lexington Terrace, Baltimore, and the greater Baltimore area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Lexington Terrace Neighborhood in Baltimore, MD

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

99 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lexington Terrace Apartments

What is a cheap apartment in Lexington Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lexington Terrace is under $900.

What is the price of a cheap apartment in Lexington Terrace?

The cheapest apartment in Lexington Terrace is Penn Square which is listed at $600, while the average apartment in Lexington Terrace costs $2,275.

What types of apartments are the cheapest in Lexington Terrace?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 177 regular apartments in Lexington Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington Terrace?

Cheap apartments in Lexington Terrace have an average cost of $521 which is $1,754 cheaper than the average rent for all rentals in Lexington Terrace.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.